The status of implementation of the "State program of development of the securities market in 2011-2020," was discussed at the 27 February expanded meeting of the State Committee for Securities.
Chairman of the State Committee for Securities Rufat Aslanli, evaluating their work, said that the program helped to "increase to a new level" of the securities market in Azerbaijan.
As priorities for 2013-2014, the head of SCS called stimulating supply and demand in the securities markets, improving market infrastructure, as well as raising awareness and training.
Note that for the realization of the State Program tasks SCS with the assistance of the World Bank and SECO implements a project of modernization of the capital market, estimated to be worth more than $ 20 million. - 08D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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